Negative trading dominated the moves of the euro against the US dollar within the expected bearish path, in which we relied on confirming a break of 1.2120 in his way to touch the first official leg of the break 1.2065, recording its lowest price at 1.2058.<\/p>\n\n\n\n
Technically, and with a closer look at the 4-hour chart, we find the 50-day moving average continues to pressure the price from the top. This comes in conjunction with the negative signs coming from the stochastic indicator.<\/p>\n\n\n\n
From here and steadily trading below the broken support level 1.2010 and in general below 1.2175 Fibonacci correction 23.60%, the bearish bias will remain valid and effective targeting 1.2045, and then 1.2000 next official stations and may extend later towards 1.1970, a 50.0% correction before rising again.<\/p>\n\n\n\n
To remind you that trading remaining below 1.2175 is an important and essential condition to activate the suggested scenario.<\/p>\n\n\n\n Negative trading dominated the moves of the euro against the US dollar within the expected bearish path, in which we relied on confirming a break of 1.2120 in his way to touch the first official leg of the break 1.2065, recording its lowest price at 1.2058. Technically, and with a closer look at the 4-hour …<\/p>\n","protected":false},"author":9,"featured_media":40639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7222,6877,6872,6928],"class_list":["post-40630","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-dollar","tag-eur","tag-euro"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=40630"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40630\/revisions"}],"predecessor-version":[{"id":40640,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40630\/revisions\/40640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40639"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a01.2045\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R1: 1.2155\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S2:<\/strong>\u00a01.1995\u00a0\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/td> R2:<\/strong>\u00a01.2220 \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S3:\u00a01.1930\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/td> R3: 1.2265 \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"